CREF Market News - Page 31 of 90

“Underwater Space Station” to be built in Curacao
August 20, 2020
The “underwater version” of the International Space Station is coming to the Caribbean island of Curaçao. Renowned ocean explorer Fabien Cousteau has announced his plans for PROTEUS, a project that’s being billed as the “world’s most advanced scientific research station and habitat.” “We are delighted to be home to PROTEUS,” said Dr Steven Martina, Curaçao’s […]
In controversial fight for top bank job, Trump nominee lays out his Caribbean commitment
August 20, 2020
Mauricio Claver-Carone, U.S. President Donald Trump’s candidate to take over the helm of the IDB vowed to elevate the attention given to the Caribbean. In an interview with The Miami Herald, Claver-Carone said ensuring someone from the Caribbean becomes vice president and helping middle- and higher-income Caribbean countries find more favorable financing are among his […]
Jamaica anticipates 500 MW energy tender early 2021
August 7, 2020
Starting early 2021, Jamaica plans to develop over 500 megawatts of new generation. “It is envisioned that competition will bring the price of electricity down, while bringing the best technologies into the energy sector,” said Minister of Science, Energy & Technology Fayval Williams in a webinar discussion on ‘Renewable Energy Infrastructure Investment Opportunities’ on Thursday. […]
CDB program to train and certify solar PV workforce in the Caribbean
August 7, 2020
Current and potential solar photovoltaics (PV) practitioners in the Eastern Caribbean are currently benefiting from a training and international certification programme, aimed at persons who are currently working or are interested in the industry but lack internationally recognised certification. Approximately 150 women and men will be trained in the installation of PV systems as part […]
IDB Invest approves $2m credit facility for Caribbean LED Lighting
August 7, 2020
IDB Invest, a member of the Inter-American Development Bank (IDB) Group, approved a revolving credit facility of up to US$2 million to Caribbean LED Lighting Inc. (CLL) in Barbados. The facility will facilitate access to finance for the private sector, and will be used to expand the operations of the company within the Caribbean region […]
Costa Rican utility says no to waste to energy
August 7, 2020
The presidency of the Costa Rican Electricity Institute (ICE), declared that they are not going to provide any land to make the incinerator (or any type of chemical combustion) of waste that seeks to generate electricity as a result of the activity. In addition, ICE asks the Metropolitan Federation of Municipalities (FEMETROM) for an explanation […]
Dominica’s geothermal project bids come in over budget
August 7, 2020
Dominica’s geothermal project is facing a big roadblock – substantially higher project costs than anticipated. Following a September 2019 tender for the construction of a geothermal power plant on the island, three bids reviewed as valid all came in at prices significantly higher than estimates for project costs. The project had previously secured sufficient funds […]
Jamaica: Scaling Up Investment in Clean Energy?

From our Editorial Team
August 5, 2020
Jamaica has committed to generating half of its energy from renewables by 2037 with an overall target of 1664MW. The Ministry of Science, Energy and Technology (MSET) recently announced the completion of the long-awaited Integrated Resource Plan (IRP) and indicated that the country is ready to move on investment plans of 320 MW of wind […]
PREPA transmission and distribution system operator approved, questions remain
July 10, 2020
On June 22, 2020, the contract for the PREPA transmission and distribution system operator was approved. The question is if this agreement will benefit Puerto Rico’s electricity consumers. This type of agreement is normally approved by the regulator (in Puerto Rico the Energy Bureau) with broad citizen participation due to the impacts it has on all sectors of […]